(CMCSA) Earns Buy Rating from Jefferies Group LLC

Manuel Armenta
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19 May, 2017, 23:30

Telsey Advisory Group upped their price objective on shares of Comcast from $44.00 to $47.00 and gave the company an "outperform" rating in a report on Friday, April 28th. Price T Rowe Assocs Md accumulated 437,084 shares or 0.01% of the stock.

A number of other research firms have also recently commented on CMCSA. Pivotal Research reduced their price target on Comcast to $48.00 and set a "buy" rating for the company in a research report on Monday, March 6th. Finally, HSBC Holdings plc initiated coverage on shares of Comcast in a report on Thursday, January 19th. The firm earned "Buy" rating on Wednesday, August 26 by Wunderlich. Instinet restated a "buy" rating and set a $43.00 price objective (down previously from $46.00) on shares of Comcast in a report on Saturday, April 29th. One equities research analyst has rated the stock with a hold rating and twenty have issued a buy rating to the stock.

Taking a brief view of stock performance, we see that Comcast Corporation (NASDAQ:CMCSA) shares are now trading $0.51 off the 50-day moving average of $38.30 and $2.41 off of the 200-day moving average of $36.40. The company had a trading volume of 9,210,933 shares. The stock has a market cap of $183.63 billion, a P/E ratio of 20.50 and a beta of 1.07.

Comcast Corporation (NASDAQ:CMCSA) yearly performance is 30.22% and net profit margin is 11.10%. The company's 50 day moving average is $38.30 and its 200 day moving average is $36.40. After $0.53 actual earnings per share reported by Comcast Corporation for the previous quarter, Wall Street now forecasts -11.32 % negative EPS growth. The cable giant reported $0.53 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.44 by $0.09. The company had revenue of $20.46 billion for the quarter, compared to analysts' expectations of $20.10 billion. Consequently Comcast Corporation (NASDAQ:CMCSA)'s weekly and monthly volatility is 1.44%, 1.58% respectively. Prior to the last earnings report, Zacks Research had a consensus estimate looking for EPS of $0.44.

COPYRIGHT VIOLATION NOTICE: This news story was first posted by Markets Daily and is owned by of Markets Daily. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and global trademark and copyright legislation. The correct version of this story can be accessed at https://www.chaffeybreeze.com/2017/05/19/instinet-reiterates-buy-rating-for-comcast-co-cmcsa-updated-updated.html. Shareholders of record on Wednesday, July 5th will be paid a $0.1575 dividend. If the company has a ratings score of 1, this would represent a Strong Buy. The ex-dividend date is Friday, June 30th. Comcast's dividend payout ratio is now 30.81%. The stock was sold at an average price of $38.99, for a total transaction of $10,074,236.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen B. Burke sold 258,380 shares of Comcast stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $37.62, for a total value of $1,241,460.00. Following the completion of the transaction, the executive vice president now directly owns 980,498 shares in the company, valued at approximately $38,229,617.02. The disclosure for this sale can be found here.

Hedge funds and other institutional investors own 82.03% of the company's stock. It also increased its holding in Mosaic Co (NYSE:MOS) by 228,896 shares in the quarter, for a total of 770,297 shares, and has risen its stake in Diamond Offshore Drilling (NYSE:DO). Grandfield & Dodd LLC now owns 10,255 shares of the cable giant's stock valued at $680,000 after buying an additional 66 shares during the period. Concert Wealth Management Inc. increased its position in shares of Comcast by 0.3% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant's stock valued at $100,000 after buying an additional 1,340 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Comcast by 184.2% in the third quarter. MA now owns 59,880,644 shares of the cable giant's stock valued at $2,250,912,000 after buying an additional 31,678,523 shares during the period. Finally, Regentatlantic Capital LLC increased its position in shares of Comcast by 1.9% in the third quarter. Wellington Management Group LLP now owns 87,354,659 shares of the cable giant's stock valued at $3,283,661,000 after buying an additional 41,671,920 shares during the period. Wellington Management Group LLP boosted its position in shares of Comcast by 91.2% in the first quarter.